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SEB agrees to pay USD 33 million to settle New York anti-money laundering review
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SEB agrees to pay USD 33 million to settle New York anti-money laundering review
  • SEB will pay USD 33 million to settle the New York State Department of Financial Services' review of historical anti-money laundering procedures.
  • The review covered customer due diligence and transaction monitoring in Baltic operations during 2015-2019.
  • The charge will be recorded in fourth-quarter 2026 operating expenses, with limited financial impact expected; the full-year cost target remains unchanged.
  • The U.S. Department of Justice closed its review without action, concluding U.S. matters concerning the bank's historical anti-money laundering measures.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SEB - Skandinaviska Enskilda Banken AB published the original content used to generate this news brief via Cision (Ref. ID: 20261015:BIT:4099:0) on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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